American States Water Company Announces Increase In Quarterly Dividend From $0.3975 To $0.43/Share
Portfolio Pulse from Happy Mohamed
American States Water Company (NYSE:AWR) has announced an increase in its third quarter cash dividend from $0.3975 per share to $0.4300 per share. The annualized dividend rate after this increase is $1.72 per share, representing an 8.2% increase from the current annualized dividend rate of $1.59 per share. This marks the 349th consecutive dividend payment by the company, which has paid dividends every year since 1931.
August 04, 2023 | 1:24 pm
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American States Water Company's increase in its quarterly dividend could attract more investors, potentially leading to a short-term increase in its stock price.
Dividend increases are often seen as a sign of a company's financial health and can attract income-focused investors. This could increase demand for the company's shares, potentially leading to a short-term increase in its stock price.
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